There are TWO Londons & Why it MATTERS- Its a tax haven for the super rich and mega-corporations, that exists outside the laws of those who it steals from.

There are TWO London’s & Why it MATTERS

222 1024x576 There are TWO Londons & Why it MATTERS

THE LORD
MAYOR’S SHOW
11 NOVEMBER 2017
https://lordmayorsshow.london/

City of London Ward elections
https://www.cityoflondon.gov.uk/about-the-city/voting-elections/Pages/ward-elections.aspx

The Difference Between London And The City Of London
https://londonist.com/2012/09/cityoflondon

City of London
https://en.wikipedia.org/wiki/City_of_London#Demography

City of London Corporation
https://en.wikipedia.org/wiki/City_of_London_Corporation

London’s Finance Industry
http://www.uncsbrp.org/finance.htm

Celebrating 300 Years of Freemasonry
Welcome to the site of London Freemasons. Here you’ll find everything you would wish to know about London Freemasonry, the positive impact we create within the community and the good work undertaken by our members in support of our community.
http://www.londonmasons.org.uk/

The World’s Most Influential Cities
https://www.forbes.com/sites/joelkotkin/2014/08/14/the-most-influential-cities-in-the-world/#71a67a1a7ad0

The medieval, unaccountable Corporation of London is ripe for protest
https://www.theguardian.com/commentisfree/2011/oct/31/corporation-london-city-medieval

How the City of London really does make up its own rules
https://www.ft.com/content/41dba03e-5d29-11e5-9846-de406ccb37f2

The City of London’s strange history
https://www.ft.com/content/7c8f24fa-3aa5-11e4-bd08-00144feabdc0

City of London Corporation to reveal details of £1.3bn private account
Exclusive: The City of London Corporation will reveal that its “City’s Cash” account, where it has been putting donations from benefactors like the real-life Dick Whittington – as well as money it has made from rent and investments – holds more than £1.3bn.
http://www.independent.co.uk/news/uk/politics/city-of-london-corporation-to-reveal-details-of-13bn-private-account-8427253.html

David Cameron admits he profited from father’s Panama offshore trust
https://www.theguardian.com/news/2016/apr/07/david-cameron-admits-he-profited-fathers-offshore-fund-panama-papers

Where does David Cameron’s money come from?
https://www.theguardian.com/politics/2016/apr/06/the-cameron-network-inherited-wealth-and-family-companies

London’s homes are worth as much as Brazil’s economy
http://money.cnn.com/2015/01/13/real_estate/london-real-estate-brazil/index.html

London Vs New York: Which is the world’s financial capital?
http://www.kennedypearce.com/worlds-financial-capital/

City of London Corporation backs EU membership – BBC News
http://www.bbc.com/news/uk-england-london-35720627

The City of London Corporation: the state within a state
http://taxjustice.blogspot.jp/2009/02/corporation-of-london-state-within.html

‘Retail Apocalypse’ Causing More Than 3,500 Stores to Close: What You’re Not Being Told

By 

In the latest blow to traditional retail sales, this week Toys R’ Us filed for bankruptcy, following in the footsteps of an increasing number of other brick-and-mortar chains. But the giant toy outfitter is not the only company suffering losses, as a recent report from Clark.com, a consumer analysis site details.

Though separate statistics show that more stores will open in 2017 than will close, the type of stores making gains suggests frugality is the norm for U.S. consumers amid a continuously harsh economy.

Clark.com compiled a list of retail stores that announced closures of physical shops this summer. Sears said at the end of August that “in fiscal year 2017, [they] have closed approximately 180 stores previously announced for closure, and an additional 150 stores previously announced for closure are expected to be closed by the end of the third quarter of 2017.” They will also be closing 28 K-Mart locations, citing a desire to change their business model so “the physical store footprint and [their] digital capabilities match the needs and preferences of our members.”

Vitamin World filed for bankruptcy last week and plans to close 51 of 334 stores, which are located mostly in malls; Gap said in a press release earlier this month it will close 200 Gap and Banana Republic stores (and open 270 Old Navy shops); Perfumania filed for bankruptcy in August, moving to close 64 of 226 stores; Starbucks announced at the end of July it will close all of its 379 Teavana shops by next year; Gymboree plans to close roughly 350 stores following its bankruptcy in June; True Religion filed for bankruptcy in July and moved to close 27 stores; the Ascena Retail Group, parent company of Ann Taylor, Lane Bryant, Justice, and other chains, announced in June it would shutter over 250 stores by 2019 (in addition to the 71 it had already closed this year). The group noted they could close up to a total of 667 of their 4,500 various locations.

The summer trend follows even more closures in 2017 — in March, Business Insider noted roughly 3,500 stores would shut down this year. Macy’s revealed plans to shut down 68 locations in January, J.C. Penney announced it would close 138 stores back in March, and Abercrombie and Fitch told investors it planned to close 60 locations, bringing the total closed to 169. Other retailers closing stores are Bebe, Guess, Crocs, Guess, American Apparel (which has filed for bankruptcy twice), RadioShack, Staples, CVS, and Gamestop.

Wet Seal and Limited are closing all or nearly all of their locations this year.

Many blame Amazon and the popularity of online retail, especially amid the general collapse of America’s once prominent shopping malls, and the news media has repeatedly sounded the alarm of the “retail apocalypse.”

But a recent report from the IHL Group, a global retail and hospitality analysis and advisory firm, argues there is no retail apocalypse. Rather, they contend, customer preferences are simply shifting. In “Debunking the Retail Apocalypse,” the analysts point out that more major retailers and restaurants are opening 4,080 more stores than they are closing this year.

Nevertheless, many of the closing stores have been mainstays of American retail culture for decades, and those finding the most success are focused on budget pricing. Stores like the Dollar Tree are making major gains, a trend also reflected in Gap’s decision to close their more expensive stores, including Banana Republic, to focus on Old Navy, which offers a much lower price point.

As the IHL report notes, “According to the Bureau of Labor and Statistics, since 1996, overall inflation in core consumer goods and services has averaged 55% over the 20 year period of 1996-2016.

Prices on college tuition and textbooks have gone up 200%. Costs have increased for child care (125%) healthcare (120%), food and beverage (65%), and housing (60%). In contrast, products like cell phone services, TVs, toys, and software have become cheaper.

IHL explains that “products and services that are more likely to be considered as necessities have grown significantly in costs over the last 20 years and items that are typically in the luxury category have gone down in price.

In a vacuum, these prices don’t tell us much,” they explain. “However, when compared with income growth over the same period we can see that a much higher percentage of consumers cannot keep up with inflation, thus are shopping more at lower cost retailers and less at higher image/brand stores.

IHL notes that 40% of Americans have not been able to keep up with inflation, and as a result, the higher costs for basic necessities have affected their shopping habits. So has student loan debt, the decline of the middle class, the growth of e-commerce, and the fact that large retailers have prioritized store expansion over customer experience.

Considering the economic situation, it’s unsurprising that the types of businesses opening the most chains are mass merchants — like Target, Wal-Mart and Dollar General — and convenience stores. IHL also notes that 2,026 fast food stores opened this year. Interestingly, more cosmetics stores are opening than closing (cosmetics become more popular when economic times are tough).

Ultimately, IHL notes, retail sales are up $121.5 billion from July 2016. However, Americans are carrying roughly $1 trillion in credit card debt against very little savings. While total retail sales may be growing, those making profits and finding success are doing so amid a climate of overall economic decline. While the “retail apocalypse” may not have come to total fruition, Americans’ financial futures certainly seem to be on the downturn.

Poverty in America Documentary 2017 – Its ONLY going to get worse.

Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

http://theeconomiccollapseblog.com/archives/debt-nightmare-does-anyone-actually-care-about-our-exploding-national-debt-these-days

When will America finally wake up?  The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.  We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day.  The national debt is sitting at a grand total of $20,162,176,797,904.13 at this moment, but now that the debt ceiling has been lifted that number is expected to shoot up very rapidly toward 21 trillion dollars by the end of the year.  The national debt had been held down by accounting tricks to keep it under the debt limit for many months, but every time this has happened before we have seen the national debt absolutely explode back to projected levels once the debt ceiling was raised.

But very few of our “leaders” in Washington seem to care that we are in the process of committing national suicide.  There is no possible way that we will be able to continue to be the most powerful economy on the planet if we continue down this road.  During Obama’s eight years in the White House, we added more than 9 trillion dollars to the national debt.  That certainly improved things in the short-term, because if we could go back and take 9 trillion dollars out of the economy over the past 8 years we would be in an absolutely nightmarish economic depression right now.

But even with all of this borrowing and spending, our economy has still only grown at an average rate of just 1.33 percent a year over the last 10 years.

And by going into so much debt, we are literally destroying the future for our children and our grandchildren.

What we are doing to them is beyond criminal, and people should be going to prison over this.  But instead we just keep rewarding these Congress critters by sending the same cast of characters back to Washington over and over again.

Are we insane?

The feds are now projecting that the official yearly budget deficit will reach 1.4 trillion dollars by 2027.  Of course federal projections always end up being far more optimistic than reality.

And we are already spending about 500 billion dollars a year just on interest on the national debt, and by 2027 that number is projected to jump to 760 billion dollars a year.

This is complete and utter insanity, and yet we just can’t control ourselves.  The government continues to throw around money as if there is no tomorrow, and our tax dollars are being wasted on some of the most ridiculous things imaginable.

For instance, the U.S. military is spending 42 million dollars each year on Viagra.

We must stop this madness, and we must stop it now.  I really like how an editorial in the Houston Chronicle made this point…

Tax-and-spend politics are bad, but borrow-and-spend is worse. While we have some control over whether our lawmakers raise taxes, our children and grandchildren don’t get a vote on whether we burden them with debt.

Over the long run, huge government debt takes cash out of the economy and drives up interest rates, slowing economic growth and hurting private enterprise.

To protect the U.S. economy, Republicans need to nip plans to eliminate the debt ceiling in the bud and then get to work balancing the federal budget.

Will we ever learn?

Since the beginning of our nation, many of our most prominent statesmen have been warning about the dangers of accumulating government debt.  For example, during his farewell address President George Washington instructed the country to “avoid … the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, no throwing upon posterity the burden which we ourselves ought to bear.”

And Thomas Jefferson famously said that he wished that he could have added one more amendment to the U.S. Constitution which would have banned government borrowing…

“I wish it were possible to obtain a single amendment to our constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of it’s constitution; I mean an additional article, taking from the federal government the power of borrowing.”

This is one of the primary reasons why we must abolish the Federal Reserve system.  The Federal Reserve was actually designed to create a government debt spiral from which we could never possibly escape.  That is why the size of our national debt has gotten more than 5000 times larger since 1913, and we are never going to permanently solve our national debt problem until we get rid of the Fed.

Most Americans don’t realize this, but the path that we are currently on is not sustainable by any definition.  Debt levels are growing much, much faster than GDP, and that is a recipe for disaster.  The following is an excerpt from one of my previous articles

We are living in the greatest debt bubble in the history of the world.  In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars.  That means that it has increased by almost 14 times since Ronald Reagan was first elected president.  I am searching for words to describe how completely and utterly insane this is, but I am coming up empty.  We are slowly but surely committing national suicide, and yet most Americans don’t even understand what is happening.

According to 720 Global, total government debt plus total personal debt in the United States was just over 3 trillion dollars in 1980.  That broke down to $38,552 per household, and that figure represented 79 percent of median household income at the time.

Today, total government debt plus total personal debt in the United States has blown past the 41 trillion dollar mark.  When you break that down, it comes to $329,961.34 per household, and that figure represents 584 percent of median household income.

Sadly, most people are entirely clueless about what we are doing to ourselves.  Investors are the most optimistic that they have been in years, and most of the talking heads on television seem to believe that the party can go on indefinitely.

But that is simply not possible.

And the same thing is true from a global perspective as well.  The following comes from Chris Martenson

First: our entire economic model, which dependent on borrowing at a faster rate than income (GDP) grows, is something that simply cannot be maintained at its current rate or level. Check.

Second: depleting species, soils and aquifers are all wildly unsustainable practices that are accelerating. Check.

Last (and most glaring of all): the world’s leadership (and we use that term very loosely) continues to insist on adhering to the indefensible idea that infinite growth on a finite planet is possible  Checkmate.

The clock is ticking, and disaster awaits at the end of this road.

 

What is Bitcoin and How to Buy Cryptocurrency

Joe Jones
Daily Stormer
September 20, 2017

Bitcoin – as well as all other cryptocurrency – is a currency which is detached from centralized banking and is as anonymous as you can get. It also happens to be one of the only ways we can take donations.

If you decide to take Tim’s advice and buy some crypto, make sure to send some our way.

DONATE

3 Ways To Prepare For The Impending Economic Crash – Social security is welfare

Jon enjoys helping others evolve into their best selves on his blog: Masculine Development and recently launched his eBook on How to to Develop Your Masculinity.

While the media is hyping up the stock market, the real insiders know the truth: we are destined for an incredible economic collapse, the likes of which we’ve never seen before. Our debt has surpassed $20 trillion dollars, our nation is in a state of incredible polarization thanks to Marxist identity politics, and our culture is a complete cesspool of degeneracy and sexual confusion.

Some have regained their hope after President Trump was elected, and while he’s certainly doing his best to circumnavigate the globalists and their plans to destroy America from within, it’s far better to be safe than sorry. I propose that every man must prepare for the worst possible scenario, which in all likelihood, could easily happen within the next 1-2 years. Here’s four ways that you can prepare for this upcoming catastrophe.

1. Invest In Alternative Assets


Very few people know this, but I assume that most red pill men are aware that the US dollar is backed by absolutely nothing—it’s literally just a cotton-paper composite. It’s not backed by silver, it’s not backed by grain or corn, and it hasn’t been backed by gold for decades. In other words, once people realize that the jig is up, they’ll scramble to get rid of their US dollars in favor of more valuable assets.

This will be a time of massive wealth transfer, but those who prepare will make out like bandits. The two assets which I urge you to invest in are physical metals and cryptocurrencies—predominantly silver and Bitcoin. Precious metals have historically grown 10x, 20x, even 100x in value when a country’s economy collapses, so investing in silver and gold now could end up making you a very wealthy man in the next few years to come.

The demand for silver has also steadily been increasing, while the production of silver has been decreasing. It’s a precious metal needed for all sorts of computer-related purposes, and when the economy crashes, not only will it be in extremely high demand due to its intrinsic value, but tech companies will be forking over money left and right to get their hands on the stuff while they still can.

As for cryptocurrencies, I advocate the purchasing of Bitcoin. While some men have expressed concerns over the “cashless society,” I’m not too worried. I advocate using silver and cash for in-person transactions, but when it comes to the internet, bitcoin is far superior to credit card—it’s anonymous, self-regulating, and can’t be taxed or controlled by a government.

We’ve already seen bitcoin grow from less than a penny to its all time high of nearly $5,000 in just a few short years—a $13 investment in Bitcoin when it first came out would now be worth over $7 million. While some have expressed concerns over its volatility, rest assured, it will change the world. Investing in Bitcoin in 2017 is essentially like investing in Google in 2004. Men, make no mistake: this will be the single greatest investment opportunity for the next 20 years, at least.

2. Prepare Yourself Physically


If Hillary had been elected, this would have been priority number one—but thanks to the efforts of the manosphere, and various alternative media outlets, President Trump was put into office. I have great confidence that he will be able to face the threats of antifa and other Soros-funded organizations, but it’s still absolutely necessary that you prepare yourself physically in the event of a crisis.

Start with the basics like Starting Strength or Stronglifts in order to build a good foundation. Beyond this, you can upgrade to my Body of an Alpha program for a discount (since you read ROK), or maybe try a variation of the PHUL workout. Dr. Layne Norton’s PHAT is also a phenomenal advanced workout routine, although it’s very rigorous and is not recommended for beginners. Another free program that you can try is the Daniel Craig Workout, which is great for beginners to intermediate level gym goers.

If you’re trying to lose weight, consider counting your calories or going into on ketosis by following the steak and eggs diet. If you’re trying to bulk up, utilize mass gainers, complex carbohydrates, and bodybuilding supplements. It’s really not that complicated, and has already been written about before.

In addition to this, consider taking Brazilian Jiu Jitsu in addition to a striking art such as Muai Thai or boxing. Purchase some basic “bug out bag” materials, such as a tent, canned food, and a gun. While I do not believe that you will need to resort to physical combat, it could still easily happen. So far President Trump has been doing a good job of dealing with antifa and other far left terrorist organizations, but things could change in a heartbeat if our good old pals in the Bilderberg group decide to up their funding.

3. Network, Network, Network

There’s a reason why SJW’s and leftists tried so damn hard to shut down Roosh’s The State of Men tour—they understand that if men like us begin to network and organize, their anti-American agenda is toast. Liberals thrive by keeping conservatives apart from one another, and alienating us from other like-minded people. They understand that when they control the media, and make traditional men believe that they’re the only ones who think the way they do, it’s very difficult for them to take action.

As I’ve already discussed, however, there are far more men on our side than we believe—President Trump’s victory is evidence of this. Every single day I get emails from men all across the world, thanking me for writing what I write, and proclaiming their support for our traditionalist, masculine movement. Start going to activist organizations and expanding your social circle from there. Pro-Trump rallies, freedom of speech events, and the gym are great places to find men who you can side with.

The ROK and manosphere network is also a great one to surf through, and while it may be dangerous due to the number of SJW thought police lurking around every corner, it’ll be pretty damn hard to track you down if you use a fake name and a burner cell phone. Being a lone alpha some twenty years ago could work, but now the time has come for men to re-create their dominance hierarchies and reclaim the west.

Summary

In short, the chances of a massive economic collapse that renders our society destroyed is not extremely likely, although it’s quite plausible that it could happen within the next few years. Even if our society isn’t decimated like Venezuela or Zimbabwe, we will at least experience a massive economic crash over the next year or two. While President Trump has certainly tried his best to circumnavigate this impending doom, the globalist elites and the (((federal reserve))) are intent on destroying this country from within.

It’s incredibly important, for both you and your family’s sake, that you prepare yourself accordingly. Allocate a large portion of your investments into silver, gold, Bitcoin, and Ethereum—when the shit hits the fan, these assets will explode in value. Spend some time training, which you should already be doing. Take up classes at a local boxing gym, because even having a rudimentary knowledge of fighting will prepare you fairly well for a fight.

Lastly, start networking with other like-minded men, because they’re the ones who will truly help you out if things go south. Reach out to old friends, connect with new ones, and become active within pro-Trump circles in order to weather this upcoming storm. If you play your cards right, you could be a hell of a lot better off after it passes than before.

Suddenly, “De-Dollarization” Is A Thing

Tyler Durden's picture

Authored by John Rubino via DollarCollapse.com,

For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.

China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.

These were challenges to the dollar’s dominance, but they weren’t mortal threats.

What’s happening lately, however, is a lot more serious.

It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:

Gold, Oil and De-Dollarization? Russia and China’s Extensive Gold Reserves, China Yuan Oil Market

(Global Research) – China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over world trade and finance. Wall Street and Washington are not amused, but they are powerless to stop it.

 

So long as Washington dirty tricks and Wall Street machinations were able to create a crisis such as they did in the Eurozone in 2010 through Greece, world trading surplus countries like China, Japan and then Russia, had no practical alternative but to buy more US Government debt—Treasury securities—with the bulk of their surplus trade dollars. Washington and Wall Street could print endless volumes of dollars backed by nothing more valuable than F-16s and Abrams tanks. China, Russia and other dollar bond holders in truth financed the US wars that were aimed at them, by buying US debt. Then they had few viable alternative options.

 

Viable Alternative Emerges

 

Now, ironically, two of the foreign economies that allowed the dollar an artificial life extension beyond 1989—Russia and China—are carefully unveiling that most feared alternative, a viable, gold-backed international currency and potentially, several similar currencies that can displace the unjust hegemonic role of the dollar today.

 

For several years both the Russian Federation and the Peoples’ Republic of China have been buying huge volumes of gold, largely to add to their central bank currency reserves which otherwise are typically in dollars or euro currencies. Until recently it was not clear quite why.

 

For several years it’s been known in gold markets that the largest buyers of physical gold were the central banks of China and of Russia. What was not so clear was how deep a strategy they had beyond simply creating trust in the currencies amid increasing economic sanctions and bellicose words of trade war out of Washington.

 

Now it’s clear why.

 

China and Russia, joined most likely by their major trading partner countries in the BRICS (Brazil, Russia, India, China, South Africa), as well as by their Eurasian partner countries of the Shanghai Cooperation Organization (SCO) are about to complete the working architecture of a new monetary alternative to a dollar world.

 

Currently, in addition to founding members China and Russia, the SCO full members include Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and most recently India and Pakistan. This is a population of well over 3 billion people, some 42% of the entire world population, coming together in a coherent, planned, peaceful economic and political cooperation.

 

Gold-Backed Silk Road

 

It’s clear that the economic diplomacy of China, as of Russia and her Eurasian Economic Union group of countries, is very much about realization of advanced high-speed rail, ports, energy infrastructure weaving together a vast new market that, within less than a decade at present pace, will overshadow any economic potentials in the debt-bloated economically stagnant OECD countries of the EU and North America.

 

What until now was vitally needed, but not clear, was a strategy to get the nations of Eurasia free from the dollar and from their vulnerability to further US Treasury sanctions and financial warfare based on their dollar dependence. This is now about to happen.

 

At the September 5 annual BRICS Summit in Xiamen, China, Russian President Putin made a simple and very clear statement of the Russian view of the present economic world. He stated, “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.”

 

To my knowledge he has never been so explicit about currencies. Put this in context of the latest financial architecture unveiled by Beijing, and it becomes clear the world is about to enjoy new degrees of economic freedom.

 

China Yuan Oil Futures

 

According to a report in the Japan Nikkei Asian Review, China is about to launch a crude oil futures contract denominated in Chinese yuan that will be convertible into gold. This, when coupled with other moves over the past two years by China to become a viable alternative to London and New York to Shanghai, becomes really interesting.

 

China is the world’s largest importer of oil, the vast majority of it still paid in US dollars. If the new Yuan oil futures contract gains wide acceptance, it could become the most important Asia-based crude oil benchmark, given that China is the world’s biggest oil importer. That would challenge the two Wall Street-dominated oil benchmark contracts in North Sea Brent and West Texas Intermediate oil futures that until now has given Wall Street huge hidden advantages.

 

That would be one more huge manipulation lever eliminated by China and its oil partners, including very specially Russia. Introduction of an oil futures contract traded in Shanghai in Yuan, which recently gained membership in the select IMF SDR group of currencies, oil futures especially when convertible into gold, could change the geopolitical balance of power dramatically away from the Atlantic world to Eurasia.

 

In April 2016 China made a major move to become the new center for gold exchange and the world center of gold trade, physical gold. China today is the world’s largest gold producer, far ahead of fellow BRICS member South Africa, with Russia number two.

 

Now to add the new oil futures contract traded in China in Yuan with the gold backing will lead to a dramatic shift by key OPEC members, even in the Middle East, to prefer gold-backed Yuan for their oil over inflated US dollars that carry a geopolitical risk as Qatar experienced following the Trump visit to Riyadh some months ago. Notably, Russian state oil giant, Rosneft just announced that Chinese state oil company, CEFC China Energy Company Ltd. Just bought a 14% share of Rosneft from Qatar. It’s all beginning to fit together into a very coherent strategy.

Meanwhile, in Latin America:

De-Dollarization Spikes – Venezuela Stops Accepting Dollars For Oil Payments

(Zero Hedge) – Did the doomsday clock on the petrodollar (and implicitly US hegemony) just tick one more minute closer to midnight?

 

Apparently confirming what President Maduro had warned following the recent US sanctions, The Wall Street Journal reports that Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports.

 

As we previously noted, Venezuelan President Nicolas Maduro said last Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week. According to Reuters, “Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar,” Maduro said in a multi-hour address to a new legislative “superbody.” He reportedly did not provide details of this new proposal.

 

Maduro hinted further that the South American country would look to using the yuan instead, among other currencies.

 

“If they pursue us with the dollar, we’ll use the Russian ruble, the yuan, yen, the Indian rupee, the euro,” Maduro also said.

 

The state oil company Petróleos de Venezuela SA, known as PdVSA, has told its private joint venture partners to open accounts in euros and to convert existing cash holdings into Europe’s main currency, said one project partner.

This first step towards one or more gold-backed Eurasian currencies certainly looks like a viable and — for a lot of big players out there — welcome addition to the global money stock.

Venezuela, meanwhile illustrates the growing perception of US weakness. It used to be that a small country refusing to take dollars could expect regime change in short order. Now, maybe not so much.

Combine the above with the emergence of bitcoin and its kin as the preferred monetary asset of techies and libertarians, and the monetary world suddenly looks downright multi-polar.

$20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux

Final Story on DACA: Trump Tweeted a Semantic Disagreement and the Jig is in Fact Up

Andrew Anglin
Daily Stormer
September 14, 2017

So it looks like Trump did just tweet after the backlash.

He did make an agreement, he just didn’t officially sign it.

What is he getting in return for this?

“Border security.”

Politico:

President Donald Trump and Democratic congressional leaders reached a tentative agreement Wednesday night to provide a pathway to citizenship for young immigrants known as Dreamers — but after a conservative backlash, the president and his aides sent conflicting signals about how firm the agreement was.

After a meeting with Trump at the White House on Wednesday night, Democratic leaders Chuck Schumer and Nancy Pelosi said they had come to terms with Trump on a plan that would provide protection for Dreamers in exchange for beefed-up border security — but, notably, no additional funding for a border wall.

“We all agreed on a framework: Pass DACA protections and additional security measures, excluding the wall. We agreed that the president would support enshrining the DACA protections into law,” Schumer (D-N.Y.) said on the Senate floor Thursday.

The news triggered an outcry from the right, which accused Trump of abandoning his tough-on-immigration campaign stance. So Trump and his aides rebutted Democrats’ claims that an agreement had been struck — while at the same time acknowledging the outlines of a deal.

“No deal was made last night on DACA. Massive border security would have to be agreed to in exchange for consent. Would be subject to vote,” Trump tweeted.

Added White House spokeswoman Lindsay Walters: “By no means was any deal ever agreed upon.”

Yet it seemed to be a matter of semantics. Speaking briefly to reporters shortly after his tweet, Trump said he and the Democratic leaders were close to a deal on the Obama-era Deferred Action for Childhood Arrivals program, but that any agreement would hinge on “massive border security,” adding that funding for a border wall will come “a little bit later.”

He also said he had spoken to House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell and that both are “on board” with a DACA-for-border-security deal with Democrats. The meeting Wednesday night did not include Ryan and McConnell, whom Trump spurned for Pelosi and Schumer on a fiscal deal last week.

“Well, we want to get massive border security, and I think that both Nancy Pelosi and Chuck Schumer, I think they agree with it … we’re fairly close, but we have to get massive border security,” the president said. “Ryan and McConnell agree with us on DACA. We’re very much on board. I spoke to them, yes.”

Responding to accusations he was backing “amnesty,” Trump also said Thursday: “We’re not looking at citizenship. We’re not looking at amnesty. We’re looking at allowing people to stay here.”

That is amnesty.

Whatever the case, they are eventually going to get citizenship if they don’t go back. And what difference does it make? They vote without citizenship.

Let’s be clear: this is not chess. There is no chess move that follows allowing these DACA bloodsucking parasites amnesty. That is called getting checkmated by the Jews.

Acting like he’s going to do it and then not doing it could potentially be some kind of chess move. I guess. But once DACA gets signed, it’s over. That will be the end of the Trump Presidency.

We will still get some things we wanted, probably, and it will of course have been better than Hillary, but the dream will be dead. The DREAMers will kill our dream.

I’m not going to flip out and have an emotional breakdown over this. It is sad, and I do feel sad. But we never really thought that Trump could bring down this entire system singlehandedly.

At least not without declaring martial law. And if he signs DACA, that isn’t in the cards either. If he was planning to do that, he would have gone all the way on Charlottesville and then held the line, pumping up the base.

It doesn’t look good.

Possibly/probably, the deals he’s making with the Democrats are to avoid impeachment. I think history would remember him better if he went down fighting. But maybe he’s too tired to care about that. Maybe he’s being threatened. Maybe AJ is right and he’s being secretly drugged.

Who knows.

It doesn’t really matter.

What matters is just coming to terms with the fact that this train is crashing, that we’re gonna need to tuck and roll and regroup down the line.

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